Pioneer Bancorp, Inc. (PBFS) Income Statement Analysis

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Complete financial analysis of Pioneer Bancorp, Inc. (PBFS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pioneer Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Pioneer Bancorp, Inc. (PBFS)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.pioneerny.com

About Pioneer Bancorp, Inc.

Pioneer Bancorp, Inc. operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, one- to four-family residential real estate, home equity, and consumer loans; and home equity lines of credit. The company also invests in the U.S. governmental securities, fixed rate collateralized mortgage obligations, mortgage-backed securities, fixed-rate investment grade bonds, and equity securities. In addition, the company offers personal and commercial insurance products, including homeowners, automobile, and comprehensive business insurance; employee benefit products and services, such as group health, dental, disability, and life insurance products, as well as defined contribution, defined benefit administration, and human resource management services; and wealth management services comprising investment advice, retirement income planning, estate planning, business succession, and employer retirement planning. It operates through a network of 22 retail banking offices in Albany, Greene, Rensselaer, Saratoga, Schenectady, and Warren Counties in New York. The company was founded in 1889 and is based in Albany, New York. Pioneer Bancorp, Inc. operates as a subsidiary of Pioneer Bancorp, MHC.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Revenue	74.19M	79.69M	56.45M	57.57M	64.47M	64.09M	59.42M	46.11M
Cost of Revenue	0.00	8.66M	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	74.19M	71.03M	56.45M	57.57M	64.47M	64.09M	59.42M	46.11M
Gross Profit Ratio	100.00%	89.14%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	31.23M	29.19M	22.41M	27.35M	25.10M	23.32M	22.46M	22.03M
Selling & Marketing	729.00K	825.00K	520.00K	618.00K	678.00K	925.00K	732.00K	669.00K
SG&A	31.96M	30.01M	22.93M	27.97M	25.78M	24.25M	23.19M	22.70M
Other Expenses	0.00	-17.16M	-14.37M	-82.88M	-100.05M	-60.01M	-9.18M	-58.05M
Operating Expenses	53.95M	5.56M	4.03M	-54.91M	-74.28M	-35.76M	9.18M	-35.35M
Cost & Expenses	53.95M	5.56M	4.03M	-54.91M	-74.28M	-35.76M	41.48M	-35.35M
Interest Income	88.32M	71.03M	43.84M	43.93M	53.52M	54.16M	46.49M	37.62M
Interest Expense	21.80M	5.49M	1.46M	2.11M	4.73M	4.48M	2.00K	2.41M
Depreciation & Amortization	0.00	2.70M	2.76M	2.86M	2.91M	2.81M	2.64M	1.96M
EBITDA	0.00	30.55M	16.08M	0.00	0.00	0.00	20.58M	11.10M
EBITDA Ratio	0.00%	34.95%	31.08%	9.58%	-10.70%	48.59%	34.42%	27.58%
Operating Income	13.46M	27.86M	14.80M	2.66M	-9.81M	28.33M	17.81M	10.76M
Operating Income Ratio	18.14%	34.95%	26.22%	4.62%	-15.21%	44.20%	29.98%	23.33%
Total Other Income/Expenses	5.95M	0.00	4.10M	-4.49M	-2.53M	-5.08M	-5.52M	-4.95M
Income Before Tax	19.41M	27.86M	13.34M	2.66M	-9.81M	23.85M	17.81M	8.35M
Income Before Tax Ratio	26.16%	34.95%	23.63%	4.62%	-15.21%	37.21%	29.97%	18.10%
Income Tax Expense	4.15M	5.91M	3.06M	1.58M	-3.30M	4.83M	6.31M	2.72M
Net Income	15.26M	21.95M	10.28M	1.08M	-6.51M	19.02M	11.50M	5.63M
Net Income Ratio	20.57%	27.54%	18.21%	1.87%	-10.10%	29.67%	19.35%	12.21%
EPS	0.61	0.87	0.41	0.04	-0.26	0.73	0.44	0.50
EPS Diluted	0.61	0.87	0.41	0.04	-0.26	0.73	0.44	0.50
Weighted Avg Shares Out	25.19M	25.17M	25.13M	25.07M	25.01M	25.98M	25.98M	11.17M
Weighted Avg Shares Out (Dil)	25.22M	25.17M	25.13M	25.07M	25.01M	25.98M	25.98M	11.17M

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